The Lemon Fool

I used to think in terms of wanting x% but, of course, if the portfolio doubles perhaps half x is sufficient. We don’t spend %ages, we spend £$€. Yield is a shorthand but not the real thing.

Best wishes, Steve

With the publication of December dividend figures for IUKD and IAPD my 2023 dividend spreadsheet is now complete.
Overall, 2023 dividends increased by 5.14% comared with last year
Dividend return based on market value of the portfolio at the start of the year was 7.25%
As of today, inflation appears to be 4.6%
On top of the dividend return I realised a net profit of 3.01% on the portfolio.

In line with my objectives, I simplified the portfolio by selling 10 single name holdings and 2 funds for a net profit of 3.01% of portfolio value.

My withdrawal rate for this year will be 3.80%

As of today, portfolio looks about 3.4% lower than the start of 2023 after taking account of the withdrawals. Adding back withdrawals it would be slightly higher (+0.3%).

We still have a few weeks to go before the end of year so there's still hope of a bit more of a Santa rally, but I think that's wishful thinking.

I'll report more details after the year end including the portfolio I will start with in 2024. On current figures for the much simplified portfolio, it will have a market value dividend yield of 7.88% based on 19 holdings, down from 26 this year.

Y